REV Group (NYSE:REVG) announced its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03, Briefing.com reports. REV Group had a negative net margin of 1.28% and a negative return on equity of 0.87%. The company had revenue of $616.30 million during the quarter, compared to analysts’ expectations of $620.98 million. During the same quarter in the prior year, the company earned $0.05 EPS. REV Group’s revenue was down 5.6% compared to the same quarter last year.
REV Group stock traded down $0.16 during mid-day trading on Friday, reaching $8.52. 3,600 shares of the company’s stock were exchanged, compared to its average volume of 380,043. The company has a market cap of $540.82 million, a P/E ratio of -18.47 and a beta of 2.82. REV Group has a twelve month low of $3.50 and a twelve month high of $11.55. The company has a quick ratio of 0.67, a current ratio of 1.89 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $9.40 and a 200-day moving average of $7.93.
Several analysts have recently weighed in on the stock. Credit Suisse Group increased their price target on shares of REV Group from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Thursday, September 10th. Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and set a $10.00 price objective for the company in a research report on Tuesday, December 15th. Jefferies Financial Group cut shares of REV Group from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Thursday, December 10th. Zacks Investment Research cut shares of REV Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 19th. Finally, BidaskClub cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.54.
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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